Consumer Confidence falls again to 112.8 – lowest since November 2012

This weekly Roy Morgan Consumer Confidence Rating is based on 1,050 face-to-face interviews conducted Australia-wide with men and women aged 14 and over last weekend, June 22/23, 2013.

The weekly Roy Morgan Consumer Confidence Rating has fallen for the third consecutive week to 112.8 (down 1.3pt in a week since June 15/16, 2013). Consumer Confidence is now 0.6pts lower than a month ago (May 25/26, 2013 – 113.4) although 3.2pts higher than at the same time a year ago when it was 109.6 (June 23/24, 2012).

This week’s fall in Consumer Confidence has been driven mainly by increasing worries about Australia’s economic conditions over the next year and by less people saying now is a ‘good time to buy’ major household items.

Of Australians, 40% (down 1%) expect to be ‘better off’ financially over the next 12 months while only 14% (down 3%) expect their family to be ‘worse off’ financially.

Over the long-term 22% (down 3%) of Australians expect ‘bad times’ for the Australian economy over the next five years compared to 33% (down 1%) that expect Australia to have ‘good times’.

However, Australians are less concerned about their personal finances compared to this time last year with 31% (up 2%) of Australians saying they are ‘better off’ financially than this time last year and 28% (down 3%) that say they are ‘worse off’ financially.

Gary Morgan says:

“Roy Morgan Consumer Confidence has fallen for the third consecutive week to 112.8 (down 1.3pts) and is now at its lowest since November 2012. The fall in Consumer Confidence comes after the Australian Dollar dipped below 92US cents for the first time since September 2010 as worries mount about many parts of the global economy – including China, source of many of Australia’s commodities exports.

“Constant leadership speculation around the Federal Government is a clear distraction preventing the Gillard Government from effectively implementing its policies – and also undermining general confidence in the Australian community. This week should mark the end of the leadership speculation as Parliament is not due to meet again until after the Federal Election – set for September 14, 2013.”

This weekly Roy Morgan Consumer Confidence Rating is based on 1,050 face-to-face interviews conducted Australia-wide with men and women aged 14 and over last weekend, June 22/23, 2013.

Margin of Error

The margin of error to be allowed for in any estimate depends mainly on the number of interviews on which it is based. The following table gives indications of the likely range within which estimates would be 95% likely to fall, expressed as the number of percentage points above or below the actual estimate. The figures are approximate and for general guidance only, and assume a simple random sample. Allowance for design effects (such as stratification and weighting) should be made as appropriate.

Latest in Store

Links

Social

Roy Morgan

Roy Morgan gives you the power of the world's best market research data in ready-made reports and profiles with latest research statistics, information and news. This includes consumer satisfaction reports, customer profiles and industry reports relevant to your target audience.